JUST IN: Elon Musk predicts SpaceX $SPCX will reach $3.5 trillion in revenue by 2033. That’s nearly 5x Amazon’s entire 2025 revenue, and about 187x what SpaceX itself made last year. His take builds on Musk’s earlier target of $1 trillion in revenue by 2030, which he pulled forward from an original 2031 estimate. Worth noting: SpaceX has never published a revenue target in any regulatory filing. This is Musk speaking personally, not official company guidance. So what’s actually driving current growth? Starlink remains SpaceX’s biggest earner, with subscribers doubling to 12 million last quarter, even as average revenue per user slipped. Launch revenue is comparatively small, just $962 million last quarter. The real bet is AI. SpaceX’s IPO filings put its total addressable market at $28.5 trillion, with $26.5 trillion of that coming from AI alone. Hitting $3.5 trillion by 2033 would mean SpaceX growing about 92% every single year for eight straight years.

WARNING: 🇯🇵 BOJ yen intervention may have just started. And this matters far beyond Japan👇 USD/JPY suddenly fell from 162.7 to 160.8 within hours. There was no major news, fueling speculations that the Bank of Japan may have intervened to support the yen. Why does that matter? Investors have borrowed cheap yen for years to buy stocks and other assets around the world. This is known as the yen carry trade. When the yen suddenly gets stronger, those loans become more expensive. That forces investors to sell assets to repay their yen debt. If a large amount of investors do that at the same time, markets will face heavy selling pressure. The Bank of Japan wants to stop the yen from weakening because it makes imports more expensive and pushes inflation higher. That’s why traders are watching Japan so closely. If the BOJ steps up its intervention, this could become dangerous for markets soon. Follow and turn on notifications to stay up to date.